Portland Paints targets rights issue to raise additional capital

Portland Paints targets rights issue to raise additional capital

Portland Paints and Products Nigeria Plc (PPPNP) has said it will be embarking on rights issue to raise additional capital in pursuit of its plan to improve returns and address the high leverage position of the company and other business expansion plans. The company further noted it will focus on innovation and seek opportunities to introduce new products into its array of brands as it pursues increased profitability for its stakeholders.
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69 burnt to death in  Onitsha petrol tanker accident

69 burnt to death in Onitsha petrol tanker accident

No fewer than 69 persons burnt to death Sunday evening when a trailer loaded with Premium Motor Spirit otherwise known as petrol that was descending from Army barracks side of Onitsha Enugu express way lost control and rammed into the Asaba Motor Park at Upper Iwekas Onitsha and exploded.

Kanu: Flying Eagles ‘ll do us proud

Kanu: Flying Eagles ‘ll do us proud

Former Super Eagles captain Nwankwo Kanu says the Flying Eagles will do the country proud in the ongoing FIFA U-20 World Cup in New Zealand and has urged Nigerians not to panic. Kanu said having followed the team right from their U17 days, he was sure they will make Nigerians smile. “This is a very […]

“PDP ’ll bounce back in 2019”

“PDP ’ll bounce back in 2019”

IMMEDIATE past Deputy Governor of Delta State, Prof Amos Utuama SAN, weekend, admitted the vulnerability of the People’s Democratic Party, PDP after its defeat in the last presidential election, expressing optimism that the party would bounce back in 2019.

EFCC arrests 6 CBN officials, 16 bankers over N8bn fraud

EFCC arrests 6 CBN officials, 16 bankers over N8bn fraud

No fewer than six top officials of Nigeria’s Central Bank and 16 other workers of commercial banks in the country have been arrested by the Economic and Financial Crimes Commission, for a mega scam involving the sum of N8 billion.

I will not probe Elechi, says Gov. Umahi

I will not probe Elechi, says Gov. Umahi

The new governor of Ebonyi, Chief Dave Umahi, says he has no intention of probing his predecessor but vowed to recover all mismanaged funds in the state.

LASACO Properties finances N400m LED billboard

LASACO Properties finances N400m LED billboard

LASACO Properties and Investment Limited, says it has invested N400 million on an LED digital billboard owned by Mediaview Limited, erected at Oko-Cole, a suburb by the third mainland bridge. The billboard which is standing at 25sq meters by 740 sq meter display space is said to have six advertisement slots only, and was constructed by HighSun Group China.

Widowhood and re-marriage

Widowhood and re-marriage

The recent marriage of Edo State Governor, Comrade Adams Oshiomhole, to Lara Fortes five years after he lost his first wife, Clara, to cancer generated a lot discourse in the mass, social and online media.

Okowa Appoints Agas as Delta SSG

Okowa Appoints Agas as Delta SSG

GOVERNOR Ifeanyi Okowa has announced former Director General of the Direct Labour Agency, DLA, Mr Festus Agas as the Secretary to the Delta State Government.